Description: The Federated States of Micronesia lie 3,680km (2,300 miles)
north of Australia and 4,000km (2,500 miles) west of Hawaii. They
comprise 607 islands scattered over 1.6 million sq km (617,761 sq
miles), the most widely spread Pacific Islands group. Yaps uplands
are covered by dry meadows and scrub growth. Chuuk lagoon is circled
by one of the largest barrier reefs in the world, while Pohnpei has
mountains rising to over 600m (2,000ft).

Subsistence farming and fishing are of declining importance as
tourism has come to dominate the domestic economy and fishing is
largely pursued by foreign commercial concerns operating under
licence. Mineral resources are limited to a few high-grade phosphate
deposits. Sales of these licences account for over one-third of
national income.
Economy:

Subsistence farming and fishing are of declining importance as
tourism has come to dominate the domestic economy and fishing is
largely pursued by foreign commercial concerns operating under
licence. Mineral resources are limited to a few high-grade phosphate
deposits. Sales of these licences account for over one-third of
national income.